Brexit will slow UK economy for rest of 2019, forecaster warns
Uncertainty over future will cut growth and prevent interest rate rise, says EY Item Club
The slow-burn impact of Brexit on the British economy will be a drag on growth for the rest of 2019, blocking the Bank of England from raising interest rates, a leading economics forecaster has warned.
Ahead of the first major policy decision from Threadneedle Street since Theresa May agreed to delay Brexit until the end of October, the EY Item Club said uncertainty over the country’s future would cut the UK’s growth rate.